IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 12 May 2016 | Removal date: open ended
Still in force

Export ban

In a final rule published in the Federal Register (Volume 81, Number 92) on May 12, 2016, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce amend the Export Administration Regulations (EAR) to remove the short-supply license requirements that previously applied to exports of crude oil from the United States. The changes made by this rule are intended to remove existing barriers to restrictions on the export of crude oil. Exports of crude oil continue to require authorization from BIS to embargoed or sanctioned countries or persons and to persons subject to a denial of export privileges. This rule is effective May 12, 2016.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.

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